Fuelcell Energy (FCEL) Debt Ratio (2010 - 2026)

Fuelcell Energy's (FCEL) quarterly Debt Ratio came in at 0.02 in Q2 2026, down 10.81% YoY from 0.02 in Q2 2025, and down 4.91% on a QoQ basis from 0.02 in Q1 2026.

Fuelcell Energy (FCEL) Debt Ratio (2010 - 2026) Analysis & Trends

Fuelcell Energy's Debt Ratio history runs 17 years deep, the most recent figure standing at 0.02 for Q2 2026.

  • On a quarterly basis, Debt Ratio fell 10.81% year-over-year to 0.02 in Q2 2026; TTM through Apr 2026 was 0.02, a 10.81% decrease from a year earlier, with the FY2025 full-year figure at 0.02, up 0.8% from the prior year.
  • Debt Ratio was 0.02 for Q2 2026 at Fuelcell Energy, down from 0.02 in the prior quarter.
  • Over the last five years, Debt Ratio for FCEL reached as high as 0.02 in Q3 2025 and fell as low as 0.01 in Q3 2023.
  • A 5-year average of 0.01 and a median of 0.01 in 2022 frame the typical range for Debt Ratio.
  • The widest annual swing landed in 2022, when Debt Ratio slumped 56.95%; it then jumped 68.44% in 2025.
  • Tracing FCEL's Debt Ratio over 5 years: stood at 0.01 in 2022, then retreated by 24.98% to 0.01 in 2023, then soared by 60.09% to 0.02 in 2024, then gained by 0.8% to 0.02 in 2025, then rose by 1.72% to 0.02 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.02, 0.02, and 0.02 for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 0.33
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 0.22
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn -
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 0.22
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 0.31
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 0.22
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn -
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 0.15
10 Fuelcell Energy 1.02 Bn 1.02 Bn -12.93 Mn 0.02

Historic Data

Download Data
DateValue
Apr 30, 2026 0.02
Jan 31, 2026 0.02
Oct 31, 2025 0.02
Jul 31, 2025 0.02
Apr 30, 2025 0.02
Jan 31, 2025 0.02
Oct 31, 2024 0.02
Jul 31, 2024 0.01
Apr 30, 2024 0.01
Jan 31, 2024 0.01
Oct 31, 2023 0.01
Jul 31, 2023 0.01
Apr 30, 2023 0.02
Jan 31, 2023 0.01
Oct 31, 2022 0.01
Jul 31, 2022 0.01
Apr 30, 2022 0.01
Jan 31, 2022 0.01
Oct 31, 2021 0.01
Jul 31, 2021 0.01